General Topics
Markets
Technical Topics
Brokerage Firms
Community Lounge
Site Support

# DeMark

Discussion in 'Technical Analysis' started by katiewc, Oct 18, 2008.

1. ### katiewc

Can anyone give me a brief explanation, or guide me to a website on DeMark Indicator? Help greatly appreciated.

2. ### guerilla3107

If you should have acces to Bloomberg: type 'TDRS'.

If not, I'll try to give it a shot.

3. ### KOOLBLUE

The formula used in the calculation of the Tom DeMark "Pivot Points" are:

The value of X in the formula below depends on where the Close of the market is.

If Close < Open then X = (H + (L * 2) + C)

If Close > Open then X = ((H * 2) + L + C)

If Close = Open then X = (H + L + (C * 2))
R1 = X / 2 - L
PP = X / 4 (this is not an official DeMark number but merely a reference point based on the calculation of X)
S1 = X / 2 - H

Where R1 is the upper Resistance level, PP is the Pivot Point, S1 is the lower support level.

6. ### MandelbrotSet

It starts here ...

Coding DeMark Indicators

I personally don't use his methods, but learning his approach can't hurt your education. I just found that there was plentyof money to be made while waiting around for one of his reversal trades.